POTX - Wall Street Breakfast: Something Is Bumbling

Listen on the go! A daily podcast of Wall Street Breakfast will be available by 8:00 a.m. on Seeking Alpha, iTunes, Stitcher and Spotify. Something is bumbling Another glitzy IPO will begin trading today as a strong streak continues for stocks and the public markets. Bumble, the hot app which requires women to reach out first in hetero dating situations, will open on the Nasdaq under ticker symbol "BMBL." It's worth more than $8B, based on a higher-than-expected share price of $43, while the company increased the number of shares it sold to as many as 57.5M.Background: Bumble was founded in 2014 by CEO Whitney Wolfe Herd, who was also behind the development of Tinder, but she left the dating app earlier that year due to growing tensions with some company executives. She later filed a lawsuit against Tinder for sexual harassment and subsequently started female-focused dating app Bumble. Another

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Wall Street Breakfast: Something Is Bumbling